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Some evidence on the membership hysteresis hypothesis in Europe

โœ Scribed by M. C. Burda


Publisher
Springer-Verlag
Year
1990
Tongue
English
Weight
887 KB
Volume
15
Category
Article
ISSN
0377-7332

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A large empirical literature has tested the unbiasedness hypothesis in the foreign-exchange market with the use of forward exchange rates. This article amends the conventional testing framework to exploit the information in currency options, with a newly constructed data set for three major dollar e